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The Monetary Model Strikes Back; Evidence From the World

Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2008

from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We …

Persistent link: https://www.econbiz.de/10005263651

The Implications of Cross-Border Monetary Aggregation

Lane, Timothy D.; Kremers, Jeroen J. M. - International Monetary Fund (IMF) - 1992

Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European...

Persistent link: https://www.econbiz.de/10005264074

Bayesian Vars; A Survey of the Recent Literature with An Application to the European Monetary System

Ciccarelli, Matteo; Rebucci, Alessandro - International Monetary Fund (IMF) - 2003

This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs …). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman … issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …

Persistent link: https://www.econbiz.de/10005825693

Money Demand in Guyana

Egoumé-Bossogo, Philippe - International Monetary Fund (IMF) - 2000

-induced inflation anticipations that are typical to Guyana. …

Persistent link: https://www.econbiz.de/10005825837

Interest Rate Pass-Through in Romania and Other Central European Economies

Tieman, Alexander F. - International Monetary Fund (IMF) - 2004

Interest rate pass-through from policy interest rates to market rates and inflation has been hypothesized to play a …

Persistent link: https://www.econbiz.de/10005826351

Convertibility Risk; The Precautionary Demand for Foreign Currency in a Crisis

Mourmouras, Alex; Black, Stabley W.; Christofides, … - International Monetary Fund (IMF) - 2001

This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using both cross section data and then...

Persistent link: https://www.econbiz.de/10005826374

Inflation in Tajikistan; Forecasting Analysis and Monetary Policy Challenges

Vtyurina, Svetlana; Alturki, Fahad - International Monetary Fund (IMF) - 2010

This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …

Persistent link: https://www.econbiz.de/10008519491